MISC Berhad has secured long-term liquefied natural gas (LNG) shipping contracts from PETRONAS LNG Ltd (PLL) involving the charter of five newbuild LNG carriers (LNGCs).
The group said it entered into time charter parties (TCPs) with PLL on May 11, 2026 for the provision of the vessels.
The contracts cover a firm charter period of 20 years, with operations expected to commence between 2029 and 2030.
The latest agreement follows earlier announcements made by the company on Feb 3 and March 2, 2026 regarding the provision of long-term time charters for newbuild LNG carriers to PLL.
While financial details of the contracts were not disclosed, the long-term arrangement further strengthens MISC’s position in the global LNG shipping segment and supports the continued expansion of Malaysia’s LNG transportation capabilities.
The newbuild LNG carriers are expected to support PLL’s long-term LNG transportation requirements amid continued demand growth in global gas markets.
